Why short sales take so long to get approved: By Jillayne Schilecke

I stumbled upon this article from Rain City Guide, one of the most respected real estate blogs in the country.  It will shed light to our questions regarding the all too-many-delays we experience in short sale transactions. 

This phrase hit me straight: "Banks are under no obligation to approve your short sale.  I know what you're thinking, reader. You're thinking, "Well if the G.D. bank would just approve my short sale faster, they wouldn't be losing so much money!"

I used to grumble saying that if the banks were just smarter, they would approve the short sales faster.  Well, I now realize it's not that simple really. 

Here's the complete post: Jillayne Schilecke On Short Sales